Brugler report

Live cattle futures settled 12 to 85 cents lower on Thursday. Feeders were also $.37 to $1.07 lower, with January at $126.60. The CME Feeder Index for 12/7 was $131.07, a 33 cent loss. Average wholesale beef prices reported by USDA were mixed on moderate demand and packer offerings. Choice boxes were on average 54 cents higher, while Select product was down 30 cents per hundred. A few cash cattle traded at $112, with $170 reported in the north. The latter would be down $5 from last week but may not be representative.